How UPI Autopay will help achieving a billion transactions a day in next 5 years
UPI Autopay: Customers can now enable recurring e-mandate using any UPI application for recurring payments
With digital payments penetrating in the country, the Unified Payments Interface (UPI) transactions are setting record highs every month. UPI transactions are popular as they provide broad-base access to the banking system using facilities already present with customers – mobile phones; there is no need for a separate card or visit to a bank branch. So, is quite reasonable to expect this platform will process 1 billion transactions a day in next few years. Industry experts explain that how will UPI Auto Pay help in achieving a billion daily transactions in the next five years.